Anti-fraud solutions are essential for financial institutions, but it is not enough to just protect an organization’s brand and end users; cyberattacks also target internal systems, employees, and sensitive data.

Cybercriminals are nothing if not persistent. A large financial institution with a global presence has been experiencing a series of sophisticated malware injection attacks – despite the steady failure rate, the cybercriminals behind the attack campaign continue to persist.

During my tenure as an IT executive in the banking sector, I experienced firsthand the frustration organizations face when they have been targeted by a phishing attack but are unable to learn much more than that.

The latest edition of Cyxtera’s Faces of Fraud report, conducted with assistance from the Information Security Media Group (ISMG), collected responses from over 150 financial security leaders about fraud attack and protection trends.

The fraud security industry is always evolving to keep up with the latest threats and trends. There is, unfortunately, one constant: while the technology is quick to adapt, implementation and adjustment times are notoriously slow.